Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The volatility index, Williams vix fix developed by Larry Williams, is a well-known index for finding market bottoms. It describes how much the current low price statistically deviates from the maximum within a given look-back period.
The inverse can be formulated by considering "how much the current high value statistically deviates from the minimum within a given look-back period." This transformation equates Vix_Fix_inverse. This indicator can be used for finding market tops, and therefore, is a good signal for a timing for taking a short position.
hey @masa_crypto, thanks very much for this inverse indicator - it's a great idea :)
I have combined this with the Chris Moody one, so both indicators exist in the same slot, as it were. Let me know if you want access and I can send the code over or publish it.
fxgregg
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@masa_crypto I think your Vix_Inverse indicator looks great - I am interested in being able to use it for other markets and instruments. Does it perform as well in other markets and is there a way that I could use it on my charts?
Thanks in advance for any help and advice.
fxgregg